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Scoping Review of Literature on the Application of Blockchain in Finance

Scoping Review of Literature on the Application of Blockchain in Finance

Vinita Choudhary (School of Management and Commerce, K.R. Mangalam University, Gurugram, India), Neha Kamboj (K.R. Mangalam University, Gurgaon, India), and Sonal Trivedi (Chitkara Business School, Chitkara University, India)
Copyright: © 2023 |Pages: 28
DOI: 10.4018/978-1-6684-8361-9.ch001
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Abstract

The use of blockchain in the banking sector has drawn more attention globally. There are a lot of advantages and drawbacks to implementing blockchain in the financial sector, according to academics. These papers will be examined in this scoping review in order to determine the knowledge gaps in the subject area. To find pertinent publications for the study, a thorough manual search was done in the electronic Science Direct database. Articles were manually evaluated and vetted for eligibility by reading the abstract. Data were taken from the appropriate studies in order to synthesize, collect, rate the quality, and create a narrative summary of the results. A total of 100 articles (both review articles and research articles) were included in our final analysis. The results of the current study point to areas that need further investigation, such as the general public's ignorance about blockchain technology and its potential outside of the banking sector.
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978-1-6684-8361-9.ch001.f01

1.1. Research Objective

A scoping review is carried out in the recent study to identify the methods used in the research and the state of the knack in the field of blockchain applications in finance. The goal of this paper is to present an outline or overview of the available information.

The objectives for a scoping review in this paper are as follows:

  • •

    To determine the many forms of evidence that can be used to support the use of blockchain in finance.

  • •

    To examine how research is conducted on blockchain's application in finance.

  • •

    To determine important aspects or components of blockchain in finance.

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